Caveat: haven't followed bracketology closely this year, and I'm not factoring how we do in the BTT.
My impression is that we're a 7 seed. We have 1 bad loss, not a big deal, and 1 Q2 loss. We have 13 Q1 games, with a 5-8 record. There are 19 teams that have a .500 or better Q1 winning percentage, and another 9 that are reasonably close to us in NET with 5 or more Q1 wins. So as it stands, I think our best case is a 6 seed, and we could easily be a 7 seed. I'd be a little disappointed with an 8 seed if the bracket came out today, but it wouldn't shock me.
I would guess that every win in the BTT is worth half a seed line, and would give us a case for the 5 line if we won it.
As a fan, I'm very happy with what these guys have done. Huge turn-around from last season, playing tough despite an inconsistant start to the season, national ranking, one game from co-champs in the BIG, top group in the BTT, and a couple NBA caliber players who are fun to watch. Many others who have dedicated themselves to their role and given great cohesion. A fun bunch to follow this year. Hope they can keep it rolling, but really, I'm thrilled with the progress.